GBPUSD That’s likely why Cable briefly reached new highs and even broke to fresh highs of the year before pulling back slightly. Now the question is whether that spike was part of an ending diagonal—or maybe just a leading diagonal—followed by an a-b-c retracement before more upside.
GBPUSD In the realm of currency pairs, the British Pound to US Dollar (GBP/USD) is showing bullish signals based on options flow and the continuation of its current trend. The 1-month GBPUSD risk reversal has reached a new five-year peak
Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
💡Here are some trade confluences📝
✅Weekly order block rejection ✅Daily order block rejection ✅Intraday 15' order blocks ✅Tokyo ranges to be filled
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail. 🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
GBPUSD GBP/USD Cable Heist Plan - Thief Trading Style 😎💸
Greetings, wealth chasers and market bandits! 👋💰 Welcome to the Thief Trading Style, blending sharp technicals with savvy fundamentals to raid the GBP/USD "Cable" Forex Market. 📊 Follow the strategy outlined in the chart, focusing on long entries targeting the high-stakes Red Zone. 🌋 Expect an overbought market, consolidation, or trend reversal where bears might set traps. 🐻 Nail the plan, grab your profits, and treat yourself—you’ve earned it! 🎯💵🎉
Entry 📈: The heist begins! 🚨 Wait for the MA breakout at 1.34700, then strike for bullish gains. 🐂 Set buy stop orders above the moving average or place buy limit orders within a 15/30-minute timeframe at the recent swing high/low. ⏰ Don’t miss the move—set a chart alert to catch the breakout! 🔔
Stop Loss 🛑: Listen up, crew! 🗣️ For buy stop orders, hold off on setting your stop loss until after the breakout. 🚀 Place it at the recent swing low on the 4H timeframe (1.33300) for swing/day trades. 📍 Adjust based on your risk, lot size, and number of orders. Play smart, or you’re dancing with danger! 🔥😈
Target 🎯: Aim for 1.37000 or bail early if the market shifts. 🏃♂️ Scalpers, stick to long-side trades. 👀 Got deep pockets? Jump in now. 💪 Otherwise, join the swing traders and execute the plan with a trailing stop loss to secure your loot. 🔒💰
GBPUSD That’s likely why Cable briefly reached new highs and even broke to fresh highs of the year before pulling back slightly. Now the question is whether that spike was part of an ending diagonal—or maybe just a leading diagonal—followed by an a-b-c retracement before more upside.
